April 25, 2024
Economy
Korea holds annual meeting with IMF on economy
Korea said on Feb. 26 it will begin its annual meeting with an International Monetary Fund team this week on the state of the economy and its overall economic policies.
The IMF team led by Tarhan Feyzioglu is set to meet with officials of the Ministry of Economy and Finance, the Fair Trade Commission, the Ministry of Employment and Labor, the Bank of Korea and the Financial Services Commission, as well as other private Korean companies from Feb. 27 to March 11.
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Feyzioglu, Korea mission chief of the IMF, is set to carry out a briefing in Seoul on March 12 after wrapping up the official visit to Asia‘s fourth-largest economy.
The Finance Ministry said Korea’s economy could grow around 2.6 percent to 2.7 percent in 2019 amid a slowing global economy and US-China trade disputes.
In January, the BOK said Korea’s economy could expand 2.6 percent for 2019 in line with the 2019 growth projection of 2.6 percent made by the IMF. In 2018, the country’s economy grew 2.7 percent.
By Ram Garikipati and newswires (ram@heraldcorp.com)
